Y Intercept Hong Kong Ltd Has $1.38 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Y Intercept Hong Kong Ltd decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 83.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,333 shares of the business services provider's stock after selling 135,234 shares during the period. Y Intercept Hong Kong Ltd's holdings in Copart were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after buying an additional 941,858 shares in the last quarter. State Street Corp raised its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC boosted its holdings in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock valued at $1,077,119,000 after purchasing an additional 125,220 shares during the period. Bank of New York Mellon Corp grew its position in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider's stock worth $867,017,000 after purchasing an additional 1,199,781 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Copart by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider's stock worth $427,807,000 after purchasing an additional 30,454 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

Copart Stock Down 0.8 %

Shares of NASDAQ:CPRT traded down $0.53 during midday trading on Thursday, hitting $62.08. The stock had a trading volume of 2,233,328 shares, compared to its average volume of 4,436,184. The company's 50-day moving average price is $56.64 and its 200-day moving average price is $53.93. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $64.38. The company has a market capitalization of $59.82 billion, a P/E ratio of 44.09 and a beta of 1.31.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPRT. Robert W. Baird cut their price target on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.